article thumbnail

FinovateEurope 2025: Fighting Financial Crime in the Digital Era

Finovate

Advances in everything from digital engagement to AI have revolutionized banking and financial services. What can the financial services industry do to better educate their clients about the challenge of financial crime?

article thumbnail

Why Charlie Javice’s Arrest Shouldn’t Define Female Founders

The Fintech Times

In the UK, 85 per cent of white-collar crime is committed by men. More recently, Sachin Dev Duggal , the founder of Builder.ai, promised investors an AI-powered, no-code software platform. The company, once valued at $1.5billion, was exposed for relying not on AI, but on 700 human developers in India. Builder.ai

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Cracking the Code of White-Collar Crime with Sumsub

Fintech News

This inclusivity reflects Sumsub’s commitment to empowering as many professionals as possible in the fight against financial crime. – Comprehensive Coverage: Spanning seven modules, the course covers everything from basic principles to advanced AI-powered investigative techniques.

article thumbnail

Employers Must Protect Whistleblowers: Current Workplace Attitudes Mean Nearly 50% Fear Consequences

The Fintech Times

Jim Lucier, CEO at Medius “White collar crime is on the rise and no organisation is safe. AI anomaly detection technology can provide employees with the evidence and assurances they need to be more forthcoming. Employees are the last line of defense against fraud but confidence to report suspicious activity is declining.

article thumbnail

Financial Crime: Technology can Transform Compliance

FICO

FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Here at FICO, AI is in everything we do. Advanced technology, AI and machine learning tools will help reduce workload by largely automating AML, cut the cost of compliance processes again and improve their effectiveness.

article thumbnail

Know Your Customer (KYC): What It Is and How to Comply

Stax

Financial crime can take on several faces, including (cyber) fraud, cryptocurrency scams, and money laundering—and companies offering financial services can lose out on serious bucks. white-collar crime can cost annual losses as high as $300 billion. In the U.S., trillion a year.

article thumbnail

Master SOX Compliance: A Comprehensive Guide for 2023

FloQast

Titles IX and XI : Corporate Fraud Accountability and White-Collar Crime These two Titles define the criminal penalties for corporate financial fraud and increase the penalties for white-collar crimes and conspiracies. This would free up compliance professionals to focus on more value-added activities.